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Exeter-based Flybe post upbeat trading results

Flybe says it's on course to return to profit Credit: Andrew Milligan/PA Wire/Press Association Images

Exeter-based airline Flybe says it's on course to return to profit following its third quarter trading results. UK scheduled revenue per seat was up 2.3 per cent, while costs per seat (excluding fuel and restructuring costs) were down 5.2 per cent.

Last year the airline posted losses of £41m and announced 500 job cuts - more than 100 of them in Exeter. In November it announced a new management team. It now says job losses will be down to 450.